There are so many scams happening left, right, and center. More than $201 million has been lost to scams! All of us hear stories of how someone we know or someone on the internet was ripped off of their hard-earned money. A few scams are particularly rampant all over Singapore. Let’s learn about these top […]
A recent news release issued by the Law Ministry warned that victims have lost about $110,000 since September 2019 in a new twist of a loan scam. The latest instances of these scam activities involved individuals who pretended to be officers from the Monetary Authority of Singapore or MinLaw. There are more than 20 police […]
27 September 2019 According to a statement released by the Ministry of Manpower on September 27, 2019, two domestic workers were fined and banned from working in Singapore for illegally helping other maids to acquire loans from money lenders. The two maids, Obillo Arlenes Manale (50) and Jenalyn Masirag Gannaba (39), were found guilty of […]
21 September 2019 In Singapore, police are investing 128 suspects for money mule and scam activities following an operation carried across the island on September 16th and Friday. The operation was a joint effort from seven police divisions and the officers from the CAD (Commercial Affairs Department). According to the law enforcement authorities, 48 female […]
30 August 2019 During the first quarter of 2019, a higher number of people fell prey to scams compared to the early months of 2018. The police firmly believe that this increase has led to a significant rise in crime rate between January and June this year. Credit-for-sex, loans, internet love scams, and fraudulent e-commerce […]
Licensed moneylenders face further restrictions with regards to loan limits for foreign workers An announcement made by the Ministry of Law on July 15th revealed that low-income foreign workers in Singapore would only borrow up to S$500 from licensed moneylenders. Eight months earlier, the government had decreed that these workers could take a maximum of […]
WhatsApp messages and SMSes are being sent, offering credit services to random users. The senders (scammers) claim to be staff from a reputable and licensed moneylender. Some people are duped into transferring money as a deposit to aid in loan processing and disbursement. After making the transfer, you will realize that the scammers are gone […]